NIIT Q1FY25 results: PAT rises to Rs 7.75 cr, revenue up 32% at Rs 82.47 cr

Talent development company NIIT on Friday reported a three-fold rise in its consolidated net profits at Rs 7.75 crore in the June 2024 quarter.

It had reported a net profit of Rs 2.18 crore in the year-ago period.

Revenue from operations for the quarter under review came in at Rs 82.47 crore, up 31.86 per cent from Rs 62.54 crore in the corresponding quarter of the previous fiscal.

Seen sequentially, revenue grew 10.93 per cent, but net profit declined 30.5 per cent.

"The growth was driven by expansion in number of customers across private banks, GCCs, Tier II GSIs and large Indian enterprises. All round growth in the business led by 94 per cent YoY growth in BFSI and other programmes and technology programmes up 13 per cent YoY. BFSI & other programmes contributed 34 per cent of revenue in the quarter," the company said in a statement.

NIIT vice chairman and managing director Vijay K Thadani, during the company's earnings press conference, said the revenue is in harmony with ...